Technical analysis by MoonTradingForecast about Symbol BTC: Buy recommendation (6/1/2025)

Despite last week's negative movement, my analysis shows that Bitcoin remains bullish. Let’s break this down step by step 🔍:🚀 1. Deep Retracement CompletedBitcoin has just completed a strong retracement and bounced back exactly from a key level – check Arrow #5. This is a major signal because the last time we saw such a deep retracement on the daily timeframe was back in April 2025… and that led to a significant rally. We may be witnessing the start of another strong leg upward 📊.✅ 2. Reversal Confirmation NeededHowever, theory always needs confirmation. The bullish confirmation will come when we see a clean breakout above Arrow #4. A break of this level will give us the green light 🚦 for a bullish continuation.🔥 3. Break Arrow #2, and Sky Is the LimitIf the price manages to push above Arrow #4, it could easily break past Arrow #2, and from there, the next major resistance sits around \$114K – yes, you read that right! 🎯⚠️ Bearish ScenarioOn the flip side, the bearish confirmation will only come if Bitcoin breaks below the Arrow #6 black line (refer to my previous analysis for that key level). Until then, the bulls are still in control 💪.💬 Stay focused, stay patient – the charts are telling a powerful story. We’re on the edge of a potential big move. Trade smart, and don’t get shaken out by noise.🚨 More updates and levels coming soon – keep your eyes open!#Crypto #BTC #Trading #BitcoinAnalysis #BullishOrBearish